Very quick one for clarity.
Reported earnings growth of 48% (YoY) yesterday. Clear acceleration from previous quarters of 38% and then 41%.
Never heard of them before so did some digging.
Company was bought by SAP in Jan 2019 and then went public in July 2020 with SAP retaining a majority holding.
We do not like to invest in turnarounds.
Because of this acquisition and then subsequent IPO/Sale by SAP, does this qualify as a turnaround, and as such should be avoided, or is it worth digging a little deeper?
Thanks in advance for any guidance.